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Textbook Site for:
Microeconomics , Fifth Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
Chapter Review
Chapter 21: World Trade Equilibrium


1. What are the prevailing patterns of trade between countries? What goods are traded?

2. What determines the goods a nation will export?

3. How are the equilibrium price and the quantity of goods traded determined?

4. What are the sources of comparative advantage?



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